The resumption of the blockade on Ukraine’s western borders in February significantly affected imports, with the National Bank reporting estimated losses of $350-400 million for the month, as stated in their report released on April 4. In February, Ukraine experienced a decline in the growth of imports due to the renewed blockade of its western borders. … Read more
The share of non-performing loans (NPL) in the banking sector as of March 1, 2024 decreased to 36.59% from 36.75% in February, mainly due to a decrease in problem loans to individuals by 0.45 percentage points (p.p.), to 22.35%, according to data from the National Bank of Ukraine (NBU). The volume of loans in February … Read more
The indicators of the Ukrainian foreign exchange market and the methodology for their calculation correspond to the conditions and needs of the market, at the same time, it is advisable to supplement them with the calculation of the reference value of the hryvnia to euro exchange rate as of 12 o’clock and move on to … Read more
The volume of Ukraine’s gross external debt during the fourth quarter of 2023 increased by $10.6 billion – to $161.5 billion, in relation to GDP, the debt increased from 89.3% to 90.7%, such estimates were published by the National Bank of Ukraine. According to its data, the growth occurred due to the government, whose external … Read more
Ukraine’s international reserves in February, according to preliminary estimates from the National Bank of Ukraine (NBU), decreased by 3.8%, or $1.47 billion, to $37.052 billion. “This dynamics is due to the NBU’s foreign exchange interventions to maintain exchange rate stability and the country’s debt payments in foreign currency, which were partially offset by receipts from … Read more
The National Bank of Ukraine (NBU) stated a low level of national currency banknotes counterfeiting based on monitoring of hryvnia banknotes withdrawn from circulation: by the end of 2023, by 1 million pieces. Approximately 2.1 banknotes were counterfeited per 1 million authentic banknotes, while in 2022 they were 2.2 banknotes According to the regulator’s information … Read more
The final decision on the sale of FX currency to large Ukrainian companies and holdings and their further settlements from Ukraine on eurobonds with Western creditors will be made by the National Bank of Ukraine (NBU), First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko said at the Made in Ukraine forum in Kyiv … Read more
According to the NBU, the Ukrainian economy will increase by 7%, and the GDP per person will be $15,500 within a decade after the country’s accession to the EU with the rapid implementation of all necessary reforms. Under a partial implementation of reforms, the economy can grow by about 4% for ten years, and GDP … Read more
The total volume of loans granted under the Affordable Loans 5-7-9% program increased by 2% in the fourth quarter of 2023 and by 34% for the entire year, according to the Banking Sector Review for February. It is noted that during the year, the volume of loans increased the most in the field of trade … Read more
The National Bank of Ukraine intends to trial the digital hryvnia this year, and banks have already been invited to join the pilot program. The director of the Department of Payment Systems and Innovative Development of the National Bank of Ukraine, Andriy Poddieryohin, announced this in the “Chronicles of the Economy” podcast. In February 2022, … Read more